Regulatory Compliance & Agency Engagement
February 7, 2023Consumer Bankers Association (CBA) President and CEO Lindsey Johnson tonight released the following statement on President Joe Biden’s State of the Union address: “As the nation continues to grapple with ongoing economic headwinds, consumers are spending more and making less. According to a recent survey, nearly 70% of workers are unable to cover an emergency $400 expense with savings alone...
January 25, 2023To Whom it May Concern: The Consumer Bankers Association (CBA) appreciates the opportunity to comment on the Consumer Financial Protection Bureau’s (the Bureau) Small Business Regulatory Enforcement Fairness Act (SBREFA) outline concerning consumers’ personal financial data rights and the pending rulemaking pursuant to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act...
January 25, 2023Ladies and Gentlemen: The undersigned financial services trades welcome the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of Proposals regarding its rulemaking on Personal Financial Data Rights. We jointly write to elevate a necessary and foundational precept in any rulemaking undertaken by the CFPB under section 1033 of the Dodd-Frank Act. Our paramount concern is...
January 10, 2023As banks continue leading efforts to fight fraud across the industry, Consumer Bankers Association (CBA) President and CEO Lindsey Johnson in a new letter urged Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra to work in tandem with the banks to protect consumers from increasingly prevalent and sophisticated financial scams across peer-to-peer (P2P) payment platforms. As part of...
January 10, 2023Dear Director Chopra, For years banks have been on the front lines fighting fraud and continue to do so in response to increasingly prevalent and sophisticated financial scams across peer-to-peer (P2P) payment platforms. Banks continue to dedicate incredible resources on an annual basis, including billions of dollars each year, to keep consumers and their money safe. Some of these industry...
December 7, 2022To Whom It May Concern: The American Bankers Association (ABA),1 the Consumer Bankers Association (CBA),2 and the Credit Union National Association (CUNA)3 appreciate the opportunity to submit comments to the Consumer Financial Protection Bureau (CFPB) in response to CFPB’s notice and request for additional comments regarding CFPB’s inquiry into big tech payment platforms.4 As we have previously...
November 30, 2022In a new op-ed published this morning in American Banker, CBA President and CEO Lindsey Johnson outlines the tangible steps policymakers in Washington can take to support and protect consumers and small businesses amidst ongoing economic uncertainty. The recommendations made in the piece reflect some of the top policy priorities for the CBA membership heading into the new year, including:...
November 21, 2022Dear Mr. Sheesley: We, the undersigned banking trade associations, appreciate the FDIC soliciting further public comment on amendments to its Guidelines of Material Supervisory Determinations (“Guidelines”).In response to the initial feedback collected after the FDIC Board voted to reconstitute the Supervision Review Appeals Committee (“SARC”), the FDIC is proposing to amend its Guidelines of...
October 18, 2022Washington, D.C. – The Consumer Bankers Association, American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and Mid-Size Bank Coalition of America today issued the following statement on the FDIC’s decision to increase assessment rates: “We are disappointed that the FDIC has chosen to increase assessment rates based on assumptions that are demonstrably...
CBA 1071 Implementation Letter to CFPB